Egypt: Grain and Feed Annual
Link to report:
FAS/Cairo (Post) forecasts Egypt’s wheat imports in marketing year (MY) 2024/25 to increase by 2 percent from the previous marketing year, due to population growth and the availability of more foreign currency in Egyptian banks. As a result of increasing access to foreign currency, raising interest rates and reducing inflation, the Government of Egypt (GOE) hopes that the Egyptian market will soon stabilize, and inflation will reduce. Egypt’s corn production in MY 2024/25 is forecast to increase in response to high prices, while rice production is forecast to decrease, as planted area is expected to decrease.
